Commonwealth Bank of Australia consumer spending information using its data:
- CBA Household Spending in October fell 1% m/m
- The y/y was still positive at 2%, but down from 3.6% in September
I posted on how Reserve Bank of Australia rate hikes were more noticeably slamming into spending a little earlier:
This article was written by Eamonn Sheridan at www.forexlive.com.